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Eris Expands its Standard Swaps Futures Complex Eris Exchange has expanded its flagship Eris Standard US Dollar Interest Rate Swap Futures complex.  Following this launch, which took place on January 11, Eris now offers three types of USD Standard Interest Rate Swap Futures. Eris says that its product ...
Ice Announces Senior Management Changes Intercontinental Exchange (Ice) has made three changes in its senior management structure.  Ben Jackson, president and COO of ICE Futures US, has been named as Ice’s chief commercial officer. In this newly created role, Jackson will be responsible for ...
Falling EM Claims Lead to Lower Q3 Cross-Border Lending – BIS The latest quarterly international banking statistics from the Bank for International Settlements (BIS) show cross-border bank lending shrank for the second consecutive quarter, driven by falling claims on major emerging market economies (EMEs). The BIS report, for the quarter to ...
Kraken Acquires Two Rival Bitcoin Exchanges San Francisco-based bitcoin exchange, Kraken, is set to acquire two other bitcoin exchanges, Coinsetter and Cavirtex. In a statement announcing the deal, Kraken says that its acquisition of New York-based Coinsetter and Canada-based Cavirtex is part of a broader plan ...
European CCPs Start Publishing Quant Data The European Association of CCP Clearing Houses (EACH) today announced that central counterparties (CCPs) are publishing a broad set of quantitative data on their websites in compliance with the international guidance provided by the Committee on Payment and Market Infrastructures ...
Nasdaq Puts FX on Hold; Holcombe Exits Sources say Nasdaq is putting its FX clearing and trading initiatives on hold, and as a result, the exchange’s head of FX product, David Holcombe, has left the firm. Market sources indicate that although Nasdaq’s existing currency options ...
Monthly SEF Volumes Lower, But FX Nudges Higher Trading activity on swap execution facilities (SEFs), measured by average daily notional volume, averaged $370.2 billion per day in November, down 13% from the previous month, but up 10% from November 2014.  An increase in FX trading volume offset a decline in rates and ...
BAML to Join Moex

07:58 December 29th 2015 in News, Exchanges & Clearing

BAML to Join Moex

Bank of America Merrill Lynch is set to join Moscow Exchange’s FX market as a clearing firm. Moscow Exchange says BAML “is in the process of finalising necessary documentation and will begin active trading in January 2016”. It will trade ...
Buy Side Commits to CDS Clearing The International Swaps and Derivatives Association, (ISDA), Managed Funds Association (MFA) and SIFMA’s Asset Management Group have announced that several of the associations’ collective member firms have pledged to begin voluntarily clearing their single-name credit default swap (CDS) trades ...
DTCC Partners with SimCorp for Repos The Depository Trust & Clearing Corporation (DTCC)’s Omgeo subsidiary, and SimCorp, say that the first live repurchase agreement (repo) trade has been automatically processed in SimCorp Dimension and Omgeo Central Trade Manager (CTM) between Kammarkollegiet and Nordea Bank. Current processing ...